TravelCenters of America LLC (NASDAQ:TA) Short Interest Update

TravelCenters of America LLC (NASDAQ:TA) was the recipient of a large growth in short interest in May. As of May 31st, there was short interest totalling 272,800 shares, a growth of 19.1% from the April 30th total of 229,000 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 129,700 shares, the days-to-cover ratio is presently 2.1 days.

In other TravelCenters of America news, COO Barry A. Richards sold 37,000 shares of the firm’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $3.87, for a total value of $143,190.00. Following the completion of the transaction, the chief operating officer now owns 215,235 shares of the company’s stock, valued at $832,959.45. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Mark R. Young sold 101,010 shares of the firm’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $3.68, for a total transaction of $371,716.80. Following the completion of the transaction, the vice president now directly owns 181,988 shares of the company’s stock, valued at approximately $669,715.84. The disclosure for this sale can be found here. Corporate insiders own 8.40% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Wedge Capital Management L L P NC boosted its stake in shares of TravelCenters of America by 21.6% during the 1st quarter. Wedge Capital Management L L P NC now owns 94,335 shares of the specialty retailer’s stock worth $388,000 after purchasing an additional 16,732 shares during the last quarter. Wealth & Pension Services Group Inc. acquired a new stake in shares of TravelCenters of America during the 1st quarter worth about $54,000. Strategic Financial Services Inc acquired a new stake in shares of TravelCenters of America during the 1st quarter worth about $97,000. JPMorgan Chase & Co. boosted its stake in shares of TravelCenters of America by 1,587.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 357,271 shares of the specialty retailer’s stock worth $2,036,000 after purchasing an additional 336,095 shares during the last quarter. Finally, B. Riley Financial Inc. boosted its stake in shares of TravelCenters of America by 136.7% during the 4th quarter. B. Riley Financial Inc. now owns 283,846 shares of the specialty retailer’s stock worth $1,067,000 after purchasing an additional 163,916 shares during the last quarter. 33.98% of the stock is currently owned by institutional investors.

TA has been the subject of a number of research reports. ValuEngine cut shares of Whiting USA Trust II from a “hold” rating to a “sell” rating in a report on Tuesday, May 7th. B. Riley set a $71.00 price target on shares of Brunswick and gave the stock a “buy” rating in a report on Monday, June 17th. Finally, Zacks Investment Research cut shares of Farmers & Merchants Bancorp, Inc. (OH) from a “hold” rating to a “strong sell” rating in a report on Thursday, May 9th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $8.31.

Shares of TA traded down $0.04 during trading hours on Friday, reaching $3.58. The company had a trading volume of 35,504 shares, compared to its average volume of 64,176. The firm has a 50 day moving average of $3.60. The company has a quick ratio of 0.45, a current ratio of 0.90 and a debt-to-equity ratio of 4.27. The stock has a market capitalization of $146.22 million, a P/E ratio of -5.59 and a beta of 1.62. TravelCenters of America has a 12-month low of $3.35 and a 12-month high of $6.10.

TravelCenters of America (NASDAQ:TA) last announced its quarterly earnings results on Tuesday, May 7th. The specialty retailer reported ($0.36) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.42) by $0.06. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.47 billion. TravelCenters of America had a negative net margin of 1.91% and a negative return on equity of 4.51%. The business’s revenue was up .9% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.55) EPS. Equities research analysts predict that TravelCenters of America will post -0.14 earnings per share for the current year.

About TravelCenters of America

TravelCenters of America LLC operates travel centers and standalone restaurants in the United States and Canada. Its travel centers offer a range of products and services, including diesel fuel and gasoline, as well as nonfuel products and services, such as parking, truck repair and maintenance services, full service restaurants, quick service restaurants, and various customer amenities.

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